Tim Evans
Tim Evans
cash continue ignoring pump ring surplus
They can continue to pump away and ring the cash register, ignoring the looming Q2 supply/demand surplus just like everyone else.
markets recent since traders trends
The markets are bracing for Thursday's DOE reports, with traders cringing since the recent (supply) trends have been bearish.
energy exhaustion market reach risk
The market has used considerable energy just to reach this level. We see risk of exhaustion now that it's here.
build gasoline last price seeing several weakness
The gasoline build is substantial and it confirms the price weakness we've been seeing over the last several days.
continue downside grow looks lots open supply wide worldwide
The downside looks wide open at this point. We've got lots of inventory, and worldwide supply is going to continue to grow into the year.
certainly market
The market is certainly tightened by this event.
apply call economics economy-and-economics filled forth higher laws prices supply view
The laws of economics still apply and higher prices call forth more supply while dampening demand. The long view of the market's history, filled with booms and busts, is on our side.
data morning quite trouble
It's having trouble getting out of its own way. Fundamentally, the CPI data from this morning was really quite mixed.
despite drawn extent last limiting market might page positions prices profit pushing short storage taking warmer week
The natural-gas market is on a completely different page now, with profit taking on short positions pushing prices higher, despite what are still impressively bearish prospects. This week will be warmer than last week, limiting the extent to which storage might be drawn down.
call hold lost market pull silver staging time week
It's staging what I would call a catch-up move. After resisting the upward pull of silver all week long, the market couldn't hold back any more and is making up for lost time here.
both bush higher longer oil prices quo results short somewhat status term
A Bush status quo results in somewhat higher oil prices both in the short and the longer term in my view,
country found health huge major numbers urban workers
The numbers are sufficient, but there are major constraints. There is a huge mal-distribution of workers in the country and most health workers are found in urban areas.
best data economic importance jobs latest markets overall round spin
The markets are all doing their best spin jobs off the latest round of DOE data, but there were really no significant surprises. The overall economic importance of the data is still bearish.